Form 4: TrueCar Executive Jeff Swart Reports Changes in Beneficial Ownership
SEC Form 4
Jeff Swart, EVP, Gen. Counsel & Secretary of TrueCar, Inc., reports acquisition and disposal of common stock due to vesting of restricted stock units and tax liability satisfaction.
Summary
- On February 13, 2025, Jeff Swart acquired 117,894 shares of TrueCar common stock through the vesting of restricted stock units.
- These restricted stock units vest in 16 equal quarterly installments starting June 15, 2025.
- On February 15, 2025, 1,704 shares were disposed of at a price of $3.34 to cover tax liabilities related to the vesting of the restricted stock units.
- Following these transactions, Swart directly owns 491,855 shares of TrueCar common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The executive's holdings will change over time as the remaining restricted stock units vest quarterly.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect changes in executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Acquisition of 117,894 shares of common stock through vesting of restricted stock units. |
| 02/15/2025 | Disposal of 1,704 shares of common stock at $3.34 to cover tax liability. |
| 02/18/2025 | Date of signature by Power of Attorney. |
| 06/15/2025 | Start date for quarterly vesting of restricted stock units. |
Keywords
TrueCar, Jeff Swart, Beneficial Ownership, Form 4, Restricted Stock Units, Vesting, Tax Liability, Common Stock
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